XRP Analyst Sees Potential for $0.80-$0.91 Drop Before $1.62 Breakout
An analyst from Mango Research suggests that XRP could drop to the $0.80-$0.91 range before potentially breaking out to $1.62.
XRP has been trading within a year-long descending channel, and a breakout above this channel could push the price to about $1.62.
However, bearish signals dominate in the short term, with indicators suggesting further downside.